Thomson Reuters: Key AI Bear Case Is Not Resolved Yet

Thomson Reuters Corporation (TRI) remains a hold as AI workflow risk persists despite strong Q1 results and improved AI adoption metrics. Q1 saw 9% organic growth in Legal Professionals, with GenAI products now comprising 30% of annual contract value and notable user growth in AI tools. AI is enhancing Thomson's value proposition, but ongoing workflow ownership uncertainty and margin pressure temper the re-rating case.